The major sell-off that hit the crypto markets last week did not spare top cryptocurrencies, including Shiba Inu (SHIB). After peaking at $0.00008870 in November 2021, SHIB price dropped 87% at the time of press, touching a low of 90% a week ago.
Despite the lethargic trend exhibited by the leading dog-themed token over the past couple of months, the Shiba Inu community remains steadfast to see the asset regain its faded surging momentum.
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Shiba Inu (SHIB) Will Be Valued At $0 By 2030
According to a survey released by finder.com, which involved a panel of 36 fintech experts, Shiba Inu price would embark on a downward trend that will likely lead to $0 by 2030.
As reported by finders.com, 76% of the 36 panelists suggested that it’s the right for investors to bid farewell to the top meme token. The panel predicted that the digital asset will end this year at around $0.0000187, which is way higher than its current value. But it would end up trading at $0.000000325 by 2030.
In a statement, Matthew Harry, head of funds at DigitalX Asset Management, said:
“This market is maturing and things like SHIB will die as capital begins to flow to quality and value rather than being scattered across the field in the hope that every player wins a prize. That’s not how things work. Hype dies, value rises.”
Dimitrios Salampasis, Fintech Lecturer at Swinburne University, who corroborated Matthew Harry’s assertion, said:
“I am of the opinion that all these joke-type coins will disappear and leave space for actual innovation and crypto assets that can serve proper use cases.”
According to the survey, the hype is going to continue to serve as a driving force behind the value of SHIB. 82% of the panelists said memecoin hype will have a significant impact on Shiba Inu in 2022. 41% of them predict that SHIB’s inclusion on major broker platforms, such as Robinhood, will help its price to gain momentum in the market, with 12% citing the launch of ShibaSwap.
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Can This Prediction Ever Come To Pass?
It should be noted that this unfavorable prediction for Shiba Inu (SHIB) is just an opinion of a set of people, so it should be regarded as a speculation of analysts.
Shiba Inu team is already putting a number of measures in place, which would impact the price of SHIB afterward.
SHIB burn portal has been serving its purpose since it was rolled out a few weeks ago. It’s worth noting that the SHIB Burn rate has massively spiked since Ryoshis Vision Announced the Start of Burn Reward Distribution. The Shiba Inu community now burns SHIB in billions on a daily basis to be rewarded with RYOSHI.
Moreover, the Shiba Inu team is currently working on many projects to prove that SHIB is evolving beyond the meme tag. So, it’s likely impossible for SHIB to disappear as predicted by the panelists.
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